Word: clearing
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Dates: during 1990-1999
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...nightly news, Americans were perplexed and worried. Why wasn't this like Kosovo? they asked in call-in shows and letters to Congress. The White House responded to the growing public anger with strong condemnations of its own. By Friday, President Bill Clinton was saying, "It is now clear that the Indonesian military is aiding and abetting the militia," and called for "an international force to make possible the restoration of security." But presidential advisers made it clear that realpolitik ruled: the U.S. had no plans to fight its way uninvited into a territory that supplies little more than...
...agreed that if any deal were to happen, it would be a merger of equals, although Viacom is clearly the acquiring party. "I had always thought of CBS as a network," says Redstone. "But it's much more than that." Redstone saw a good fit. CBS was strong domestically; Viacom was growing fast internationally. And shareholders had long expressed concerns that Redstone, who remains in fine fettle, had no clear successor. Karmazin, a darling on Wall Street for driving up the stock price of CBS, and of Infinity Broadcasting before that, would neatly resolve that issue...
That doesn't mean Karmazin will necessarily get Redstone's job down the line. "This was not a decision on succession," Redstone says, making it clear that with a majority of Viacom's voting stock and a personal stake in the company worth $9.3 billion, he remains firmly in charge. "I love what I'm doing. I really think I'm at the top of my game." If you're Karmazin eyeing the corner office, that should give you pause. And if you're a media company, it's probably time to stop going for that head fake...
...that has changed, though, as a spectacular exhibition opening at the Metropolitan Museum of Art in New York City this week makes clear. "Egyptian Art in the Age of the Pyramids" is the first major show devoted to the Old Kingdom. It features some 250 objects from 32 institutions in 10 countries--including exquisite sculptures, relief paintings, vessels, furniture and jewelry--created for use in the temples and royal tombs surrounding Egypt's most familiar monuments...
...when a great many less appealing and pleasant people than he blissfully screw others to get ahead, Richard did it the old-fashioned way, and with the woman he loves. Free of shame, he is also free to love his highly profitable girls wholeheartedly, which--it is clear for all to see--he does. He kept them out of the juniors because he wanted them to concentrate on their education...